TDS on Salary : Doubt
This query is : Resolved
15 February 2011
Mr. X is having a Tax liability of around Rs. 3000. But the Co. in which he works deducts TDS Rs. 1000 p.m . Whether he can instruct the co. not to deduct any TDS from his salary? He says that he will pay the liability at the time of filing the return. He does not want the Co. to deduct TDS. Is it possible?
16 February 2011
In case of short deduction of TDS, the company is liable to pay penalty as well as
the expenditure on which TDS has not been deducted, can be disallowed.
So, TDS deduction for the company is compulsory and Mr X can not instruct company for non deduction.
the expenditure on which TDS has not been deducted, can be disallowed.
So, TDS deduction for the company is compulsory and Mr X can not instruct company for non deduction.
16 February 2011
Mr. Devendra ,
you have rightly pointed out that Section 40(a)(ia) is not applicable for salary.
Yet, penalties on non deduction of TDS will be still there.
you have rightly pointed out that Section 40(a)(ia) is not applicable for salary.
Yet, penalties on non deduction of TDS will be still there.
18 February 2011
Does any section penalise the non deduction of TDS on any payment? If yes, then what are the penalties?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- If ITC not claimed is there any issue
- Benefit of employee
- Place of supply or billing addres which applicable for tax
- Rebate u/sec. 87A
- CAPITAL GAIN IN NEW REGIM
- Rental Agreement for Joint property holders
- Profit From trading in MCX Taxable income Rate?
- REBATE UNDER SECTION 54 FOR SHORT TERM CAPITAL GAIN
- TAN Applicability For Individual & HUF
- Capital Gain Tax on Foreign Citizen
- DTVSV HOW TO WITHDRAWAL OF APPEAL
- Distribution by pvt discretionary trust to its beneficiaries
- Gst entry IN TALLY PRIME
- Can NRIs claim GST paid on insurance premium in tax filing?
- Form No 10AB for new registration for 12A exemption
- What is Gross Block
- What is operating profit and non operating profit
- What is operating income and operating expenses
- Type of Revenue income and what is net income
- What is Gross profit and Net income
Trending Online Classes
-
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
Mr.Balamurugan Ranganathan13 March 2025
CAclubindia
